Auto Loan Calculator
Estimate car payments, interest cost, taxes, and payoff time before you commit to a vehicle loan.
Car Loan Payment Estimator
Model vehicle price, down payment, trade-in, tax and loan terms.
Estimate principal, interest, and loan term consistently
Auto-loan payments depend on the amount borrowed, the annual rate, and the repayment period. Start by separating the vehicle price from cash down, trade-in allowance, sales tax, documentation charges, and extras that will actually be financed. Using a pre-tax price when taxes are rolled into the loan understates the monthly repayment and the interest paid over the term.
An amortizing loan applies interest to the remaining principal as payments are made. Early payments usually contain a larger interest share than late payments because the outstanding balance is initially greater. For comparison, a $15,000 loan at a fixed 7% rate over 48 months has a payment of about $359.19 before separate lender fees. Extending the term can ease monthly cash flow while increasing the time exposed to interest and depreciation.
Check whether the lender quotes APR or a simple interest rate, whether any prepayment penalties apply, and whether the agreement contains a balloon payment. The calculator is a planning estimate; your binding figures come from the lender’s disclosure and the signed agreement, including the required payment date and any financed fees.